Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

AUDJPY - Upward trend will continue, Long trade by market price recommended

July 28, 2022 8:02:11 AM by Alexander Zorevyk
Forecast Details
PairAUDJPY
Direction Buy
StatusClosed (94.00)
8:02
8:02
Jul. 28, 2022

+80 p
95.60
Target 1
94.80
Entry
-80 p
94.00
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The given Stop Losses of market participants are on the same level as the previous high, which will serve as the target for our trade.
    index: 1x 0.034121990203857s
t_/pages/forecast: 1x 0.031026124954224s
t_/common/header-new: 1x 0.019731998443604s
t_/common/head: 1x 0.016283988952637s
t_/common/footer-new: 1x 0.0026531219482422s
router_page: 1x 0.0016548633575439s
router: 1x 0.00072503089904785s
t_/popups/on-download: 1x 0.0005488395690918s
service-routes: 1x 0.00029802322387695s
router_redirection: 1x 0.00014400482177734s
t_/popups/zoom: 1x 2.9087066650391E-5s
----- END OF DUMP (2022-08-08 06:55:08)  -----